Regional Comprehensive Economic Partnership (RCEP)

Issues in RCEP negotiations- Patent Term Extensions

  1. Patent term extensions: These are given to compensate the company for delays in processing patent applications
  2. A company gets a 20-year patent monopoly on a drug from the date that the application is filed; but sometimes processing these applications takes time and the companies get only 13 years instead of 20
  3. A patent term extension will give another five-year monopoly to the innovator company, again delaying the entry of generic drugs in the market
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